A Russian ‘TARP’ To Rescue Its Banks

A Russian ‘TARP’ To Rescue Its Banks

Russia’s banks are too big to fail, according to a new measure by the country’s lower house of parliament to inject 1 trillion rubles ($16.5 billion) into the country’s banking sector. The move comes as the country is sliding into recession amid a rapid fall in oil prices this year that’s crippling the country’s petroleum-dependent economy.…